January 31, 2019 |
Brazil's Odebrecht has agreed to sell 85% of the Rota das Bandeiras toll road concession to the Abu Dhabi sovereign wealth fund Mubadala and the US investment firm Farallon Capital.
Odebrecht Rodovias, the highway division of Odebrecht's transportation business, Odebrecht Transport, will keep 15% of the 297km toll road in the state of São Paulo.
The sale requires approval from Brazil's antitrust agency CADE and the São Paulo state transportation agency ARTESP, Odebrecht said in a statement.
Brazilian conglomerate sells 85% of the Rota das Bandeiras to Mubadala and Farallon